But this isn’t exactly the Jansport you carried your Trapper Keepers in during elementary school. The extravagant accessory is designed in collaboration with renowned artist Damien Hirst and it’s been dubbed “wearable art.” The backpack is limited edition — as in, there are only 12 of these babies. Each bag features black patent, Nile crocodile leather and is adorned with various designs (like pills or gold circles) courtesy of Hirst.

Initially the price of the backpack was kept hush-hush and The Row declined to release that info. But when we called Just One Eye (the site selling the creations), they shared with PEOPLE.com the five-figure price tag.

But before you go thinking that absolutely no one is going to drop $55,000 on a backpack, consider this: The Olsens released a similar a purse for $39,000 earlier this year — and it sold out. Tell us: If you had all the money in the world, would you buy this backpack? If not, how much would you pay for it?

OK he’s my thought. I love the twins but….. this is silly! People that will spend this much on a backpack have more $$$ than brains. Just sayin

Karin
on December 7th, 2012

Pills????? Really!

Bellaboo
on December 7th, 2012

Is this some sort of therapeutic art project for Mary-Kate? This is all sorts of tacky after what happened to her really good “friend” Heath Ledger. Not cool at all.

sylvia
on December 7th, 2012

Absolutely not! There is a man near San Francisco that makes leather bags that are so gorgeous. And that is where I buy my bags. Anyone who has the kind of money that can spend $55,000 on a bag should donate an equal amount to a charity.

Jess
on December 7th, 2012

Ewwww. Just what they would create. . . A creation that demonstrates their addiction